Dear family, if the second coin rebounds this afternoon, don't panic~ Around 3000, we can consider adding some positions appropriately. Let's analyze tonight's big event together:
If the data really meets expectations, the dollar may be boosted, and the crypto market may face short-term pressure. The support level for the second coin can be seen at 2850. However, Bitcoin's recent pullback seems to have already 'vaccinated' itself in advance. If the data tonight meets expectations or is slightly negative, it might not drop much; but if the data is better than expected, the rebound strength could be quite surprising~
On a side note, since Trump took office, the CPI data has always seemed pretty 'impressive', and he often brings it up. The intricacies here depend on how everyone interprets it~
In the long run, if CPI continues to rise, the Federal Reserve will have to wait longer to cut interest rates. A rate cut in July is basically out of the question, and the probability for September is only 58%, which is indeed uncertain~
Tonight at 8:30, I will be waiting for the data results. Those with ideas can wait together~ Whether it's the rhythm of the second coin or the fluctuations of Bitcoin, the most important thing is to maintain a steady mindset. Let's wait for the news to become clear before making any moves~
